Kabu Rises from Summer Lull, Sees Uptick in August FX Trading

The broker managed to record a rise in trading across most of its segments.

After a summer lull, which saw Kabu report overall weak revenues and trading volumes, August appears to be showing signs of life again for the Japanese securities broker, which published its monthly business data disclosure this Tuesday.

In August, the number of securities accounts increased by 2,164 accounts to reach 1,128,678 in total. In terms of the number of newly opened accounts, 63 new accounts were added, bringing the total to 2,716.

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During the month, Kabu managed to report an uptick in trading month-on-month across many of its segments, despite there being one less trading day in August than there was in the previous month. 

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Kabu reports strong OTC FX trading in August

The over-the-counter (OTC) monthly foreign exchange (forex) trading value came in at ¥2.64 trillion ($24.84 billion) in August for the online broker. When weighing this against the previous month, which reported a trading value of ¥1.66 trillion, the trading value posted in August is higher by ¥975.20 billion or 58.7 percent. It is also the strongest value recorded in at least the past six months.

The futures monthly trading value also saw a solid uptick on a monthly comparison. Specifically, the futures monthly traded value increased by 64.6 percent, rising from ¥2.19 trillion in July to reach ¥3.61 trillion.

Kabu also achieved a month-on-month uptick in the monthly trading value of stocks. In August, this value came in at ¥1.57 trillion. This is higher by ¥3 billion or 0.2 percent against the previous month.

Taking a look at Kabu’s B2B2C results, the number of financial product brokerage accounts grew by 403 to reach 82,188 accounts by the end of August. During the month, the ASP OTC FX monthly trading value for the month was ¥491.8 billion, which is higher by ¥186.7 billion against the previous month.

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